VOIWORLD
Prime Minister Narendra Modi arrived in London ahead of the formal signing of a landmark India-UK Free Trade Agreement (FTA) with British Prime Minister Keir Starmer. The visit is hailed as a pivotal moment in India-UK relations, aiming to boost trade, investment, and job creation in both nations.
WATCH:
Thousands gather in London to welcome PM Modi – UNMISSABLE scenes!
Indian Community in London Gives Grand Reception to Prime Minister Narendra Modi
Key Highlights & Trade Agreement Significance:
Marks India’s first major FTA with a Western country since exiting RCEP in 2019.
Eliminates tariffs on 99% of traded goods, enhancing market access.
Covers areas like innovation, intellectual property, procurement, and includes a social security pact.
Impact on India:
Boost to textile, leather, and agricultural exports.
Increased investment from UK firms like Airbus, Rolls-Royce.
Whisky tariffs to reduce from 150% to 40% over 10 years.
Impact on UK:
India’s average tariff on British goods to fall from 15% to 3%.
Gains for UK’s automobile, whisky, cosmetics, and medical devices sectors.
£6 billion in new investments and export deals secured.
PM Modi said “This visit will advance prosperity, growth, and job creation. A strong India-UK friendship is essential for global progress while UK PM Starmer called the FTA a “landmark” that will “unlock opportunities and drive growth” across the UK.
Prime Minister Narendra Modi was greeted with heartfelt enthusiasm by the Indian community in London during his ongoing two-day UK visit. Sharing his gratitude on X (formerly Twitter), PM Modi wrote:
“Touched by the warm welcome from the Indian community in the UK. Their affection and passion towards India’s progress is truly heartening.”
Crowds gathered to welcome him expressed their admiration and emotional connection, calling the moment “surreal and overwhelming.”
